Buying cryptocurrency on Coinbase Wallet is a straightforward process, but it’s important to note that Coinbase Wallet and the Coinbase app are separate platforms. While both are operated by the same company, the Coinbase Wallet is a self-custody wallet, giving you direct control over your assets. This guide explains how to use the Coinbase Wallet app to purchase cryptocurrency.

First, launch the Coinbase Wallet app on your device. Ensure that you’re logged in or have imported your wallet. Once inside the app, locate the "Buy" button, typically highlighted in blue, at the top-left corner of the interface. Tap on it to begin the process.

Next, select the cryptocurrency you wish to buy. The app will provide a list of supported cryptocurrencies along with their respective networks. For instance, if you want to buy Bitcoin, select Bitcoin from the list. After choosing your desired cryptocurrency, enter the dollar amount you want to spend. For example, entering $1,000 will show you the equivalent amount of Bitcoin you’ll receive based on the current exchange rate.

After specifying the amount, select your preferred payment method. Coinbase Wallet supports multiple options, such as debit cards, credit cards, bank transfers, or even transferring funds from your Coinbase account. Choose the method that works best for you and follow the on-screen instructions to complete your payment setup.

Once your payment details are confirmed, tap "Continue" to proceed. The app will finalize the transaction, and your purchased cryptocurrency will appear in your Coinbase Wallet. Keep in mind that network fees may apply, depending on the payment method and blockchain network chosen.

This method ensures that your cryptocurrency is purchased securely and stored in a wallet where you retain full control over your private keys.

Timestamps:
0:00 Introduction
0:03 Difference between Coinbase and Coinbase Wallet
0:09 Launching Coinbase Wallet
0:19 Using the "Buy" button
0:36 Choosing cryptocurrency and network
0:50 Entering purchase amount
1:02 Selecting payment method
1:14 Finalizing the purchase
1:22 Conclusion

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